Major news has broken this morning with esure chief executive Steve Vann to step down after 17 years with the company and almost six years in the job.
Initially reported by The Financial Times, esure released a statement announcing that Vann would be leaving by “mutual consent.”
“As esure continues to evolve its long-term strategy the board and Stuart have agreed that this will be best achieved through new leadership with significant expertise and experience in a broad spectrum of customer facing businesses, in an increasingly digital and data driven world,” it stated.
The company added that it has started the process to find a successor for Vann and that his severance terms are yet to be agreed.
For the interim period, chief financial officer Darren Ogden will step into the role, subject to regulatory approval. He will be backed up by chairman Sir Peter Wood who is set to take on a “more active role in the business.”